Bayside Capital, Inc. is a private equity firm and venture capital firm specializing in management buyouts, start-ups, mature, late venture, PIPES, corporate carve-outs, corporate divestitures, recapitalization including balance sheet recapitalizations, distressed debt purchases, primary and secondary debt, out of court restructurings and turnarounds, special and distressed situations, bankruptcy transactions, and equity investments in upper middle market private and public companies. The firm also provides debtor-in-possession financing, restructuring of existing credit facilities, bankruptcy or foreclosure (363 sale, plan sponsorship, article 9 foreclosure, etc). It seeks to invest across all industries. Further, it focuses on following sectors: aircraft, shipping, real estate, project finance, business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. The firm primarily invests in companies based in the U.S., Canada, Europe, Italy, Latin America, and Caribbean with a focus on Spain. It typically invests between $5 million and $100 million per transaction in companies with revenues between $50 million and $100 million. It seeks to invest in firms with enterprise values between $50 million and $600 million and EBITDA of maximum $100 million. In the context of recapitalization, the firm invests in the form of bank and public debt that includes senior bank debt, junior secured debt, mezzanine debt, bonds, preferred/convertible stock, trade claims, seller notes, capital leases, and other obligations. It prefers to make controlling investments in its portfolio companies but can also make minority investments. Bayside Capital, Inc. was founded in 2004 and is based in Miami, Florida with additional offices in United States and Europe.

Bayside Capital, Inc. Key Developments

Sankaty Advisors, LLC submitted the highest bid for the €545 million portfolio in Romania from Bank of Cyprus Public Company Limited (CSE:BOCY), CoStarFinance.com reported. The sale of the portfolio was named Project Ariadne and was managed by HSBC. The European Bank for Reconstruction and Development (EBRD) backed Sankaty for the deal and an offer of around 20% of the portfolio’s nominal value was made implying a valuation of about €109 million. They out bid Deutsche Bank AG (DB:DBK) and The Baupost Group, LLC, who bid together, Bayside Capital, Inc. and AnaCap Financial Partners LLP, CoStarFinance.com reported. The transaction is currently on hold, as Bank of Cyprus hopes to get a higher offer.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.